November 22, 2022
“The market capitalization of Coinbase just dropped below $10 billion. This time last year, it was more than $70 billion. Why it matters: The amount of value lost in Coinbase stock is probably greater than the loss of value of FTX equity plus the loss… Continue Reading…
November 22, 2022
“The media industry is getting hit by sizable rounds of layoffs and cost-cutting measures as the ad market continues to show signs of a serious slowdown. Why it matters: For many companies, the challenges are similar to the early onset of the… Continue Reading…
November 21, 2022
“For nearly three decades, Amazon AMZN -2.63%decrease; red down pointing triangle.com Inc. has been defined by its obsession over customers. Recent information, however, suggests that consumer enthusiasm about the country’s largest online retailer has slipped. The number of Amazon customers who said they were… Continue Reading…
November 21, 2022
“Shares of Disney popped Monday, the morning after the company announced it had replaced CEO Bob Chapek with Bob Iger. Disney’s stock rose more than 7% on Monday. As of Friday’s close, the company’s shares had fallen about 40% so far this year.… Continue Reading…
November 17, 2022
“The average 401(k) balance sank for the third consecutive quarter and is now down 23% from a year ago to $97,200, according to a new report by Fidelity Investments, the nation’s largest provider of 401(k) plans. The financial services firm handles more… Continue Reading…
November 17, 2022
“The U.K. government on Thursday unveiled a sweeping £55 billion ($66 billion) fiscal plan as it seeks to plug a gaping hole in the public finances and restore Britain’s economic credibility, even as the country teeters on recession. Finance Minister… Continue Reading…
November 17, 2022
“Starbucks workers at more than 100 U.S. stores are on strike Thursday in their largest labor action since a campaign to unionize the company’s stores began late last year. The walkouts coincide with Starbucks’ annual Red Cup Day, when the… Continue Reading…
November 14, 2022
“…For some Crypto.com could be the next cryptocurrency company to face a severe liquidity crisis as the collapse and bankruptcy of FTX is prompting greater scrutiny in the digital assets industry. But the Singapore-based exchange’s CEO Kris Marszalek said the company’s exposure… Continue Reading…
November 14, 2022
“Amazon is planning to lay off approximately 10,000 employees in corporate and technology roles beginning this week, according to a report from The New York Times. Separately, The Wall Street Journal also cited a source saying the company plans to lay off thousands of… Continue Reading…
November 11, 2022
“The crisis sparked by the collapse of Sam Bankman-Fried’s FTX crypto empire ensnared BlockFi, a troubled digital-asset lender once worth $3 billion but which has now limited activity on its platform… The Jersey City, New Jersey-based company asked customers to… Continue Reading…
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